Turquoise Hill Resources New Trading Symbol "TRQ"to be Effective From August 8, 2012

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 7, 2012) - Turquoise Hill Resources(TSX:IVN)(NYSE:IVN)(NASDAQ:IVN) today announced that the company's new trading symbol "TRQ" will become effective at the opening of trading on the Toronto Stock Exchange, the New York Stock Exchange and the NASDAQ Stock Market on August 8, 2012. The new trading symbol is the result of the company's new name, which went into effect on August 2, 2012.

The change to Turquoise Hill Resources and the new trading symbol will not affect existing Ivanhoe Mines stock certificates. Shareholders are not required to submit their current certificate for new Turquoise Hill Resources stock certificates.

About Turquoise Hill Resources

Turquoise Hill Resources (TSX:IVN)(NYSE:IVN)(NASDAQ:IVN), formerly Ivanhoe Mines, is an international mining company focused on copper, gold and coal mines in the Asia Pacific region. The company's primary operation is its 66% interest in the Oyu Tolgoi copper-gold-silver mine development in southern Mongolia, which is expected to begin commercial production in the first half of 2013. Other assets include a 58% interest in Mongolian coal miner SouthGobi Resources (TSX:SGQ)(HK:1878); a 59% interest in copper-gold miner Ivanhoe Australia (TSX:IVA)(ASX:IVA); and a 50% interest in Altynalmas Gold, a private company developing the Kyzyl Gold Project in Kazakhstan.

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